Brick Moon Capital Provides $10M Loan To Randy Settenbrino For Lower East Side Hotel
100 Orchard St, New York, NY 10002, USA
$10,000,000
$81/SF
Building Size
122,060 SF
Asset Type
Other
Closing
Sep 30, 2019
About this deal
AI
A hotel located at 100 Orchard Street in the Lower East Side has been involved in a closed transaction. The property spans 12,206 square feet and was an asset of interest in the market.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $10,000,000
- Date: 10/01/2019
- Lender: Eric Roth – Brick Moon Capital
- Landlord: Randy Settenbrino
Eric Roth from Brick Moon Capital served as the lender for this transaction, providing a loan amount of $10,000,000. Randy Settenbrino acted as the landlord in the deal.
Players
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93